What is a Bank Reconciliation Statement?

Asked by Last Modified  

4 Answers

Follow 0
Answer

Please enter your answer

Apoorva Kulshreshtha

Finance Specialist

Bank Reconciliation Statement is a statement prepared to reconcile the balances of cash book maintained by the concern and pass book maintained by the bank at periodical intervals.
Comments
Dislike Bookmark

MBA(Finance)

BRS remove differences in cash book and pass book balance.
Comments
Dislike Bookmark

Home tutor as per your needs

BRS is prepared on a particular date to match the balances shown in the cash book and pass book. there may happen certain transactions of which either bank or the proprietor may not be aware and thus, causing mismatch between the balances of pass book and cash book.
Comments
Dislike Bookmark

BRS is a statement which is prepared for matching the difference between cash book and passbook.
Comments
Dislike Bookmark

View 2 more Answers

Related Questions

I have been teaching “SIMPLE SECRETS BEHIND DIFFICULT ACCOUNTING-CONCEPTS”. These secrets are a result of umpteen mistakes I have committed in the course of preparing more than 700 real-life balance-sheets and over 150 real-life project-reports, all manually. In my method, entire syllabus can be covered in about one-tenth of the time taken by traditional method. And, these secrets become a life-long asset for the learner. Also, studying advanced chapters becomes very much easier. I am from Bangalore. Anybody interested?
Yes ,I my self is interested to learn these secrets,I am also a commerce teacher. I am also a commerce teacher having so many years of experience
A. hari Prakash
0 0
7
How much should I charge for class 12 commerce and B.com subjects?
Rs 800 for 12 and 1000 for each subject for B. Com.
Ashwath
Please suggest good computer courses for my son 16 year old studying 12th commerce.
Ms office & Tally
Rohini
What is long-term debt?
Debt like loans debentures...more than 1year period
.
0 0
8
How to be fast in Accounting?
Accounting as a practical subject is very scoring, time management is also very important in accounts, as practice make man perfect, the the more you practice the practical question the more you get fast...
Aditya

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

What is Co- Branding?
Co branding is the utilization of two or more brands to name a new product. The ingredient brands help each other to achieve their aims. The overall synchronization between the brand pair and the new product...

Kousiki Chakraborty

1 0
0
GST Updates.
GST Updates: 1) PAN is mandatory for taking registration under GST. PAN will be validated by CBDT. After successful validation, registration will be granted. 2) If a person has a SEZ unit, then he is...

Fr Prashanth Reddy

Restriction On Acceptance Of Cash Deposit From FY 2017-18

Fr Prashanth Reddy

7 0
0
Types of Financing
Types of Financing Bridge Financing Bridge finance refers to loans taken by a company normally from commercial banks for a short period because of pending disbursement of loans sanctioned by financial...

Fr Prashanth Reddy

6 0
0
Tips while solving LPP using Simplex Method
1. Delta j under unit column are always zero. 2. Calculate z while doing row operations. 3 in regular simplex method, in initial table delta j are the negative of Cj. So there is no need to calculate...

Dr. Priti G.

1 0
0

Recommended Articles

How To Choose The Right School For Children?

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

The Trend of E-learning and it’s Benefits

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

6 Exam Hall Tips To Follow, For Every Good Student

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

5 Engaging Activities For Children To Get...

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Find BCom Tuition near you
BCom Tuition in Delhi
BCom Tuition in Bangalore
BCom Tuition in Mumbai
BCom Tuition in Hyderabad
BCom Tuition in Chennai
BCom Tuition in Kolkata
BCom Tuition in Pune
BCom Tuition in Gurgaon
BCom Tuition in Noida
BCom Tuition in Ghaziabad

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you